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North America Downlight Market

North America Downlight Market Size, Trends Report, Forecast: By Application: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032

North America Downlight Market Outlook

The North America downlight market stood at a value of around USD 5.59 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.10% to reach USD 12.21 billion by 2032.

 

North America Downlight Market

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Increasing Product Demand in Commercial Applications to Bolster the Downlight Industry Growth in North America

The rising utilisation of downlights in commercial structures is likely to be a major factor driving the segment growth. Commercial outlets including restaurants, hotels, pubs, libraries, theatres, malls, and retail outlets, among others are widely adopting these lighting solutions owing to their benefits including reduced maintenance costs, long lasting nature, and enhanced brightness. In addition to this, the growing adoption of LED downlights owing to their energy-efficient properties and improved electrical safety is anticipated to boost the product demand in the forecast period. Furthermore, the rising investments in commercial construction projects are likely to provide impetus to the market in the forecast period.

 

The United States Accounts for a Significant Share in the Market

The market in the United States is being driven by the expansion of the industrial sector in the country owing to the technological advancements in various industries such as IT and telecom, automotive, and aerospace and defence, among others. In addition to this, the increasing inclination of consumers to achieve greater cost savings is anticipated to propel the market growth in the country in the forecast period. Moreover, the rapid development of commercial structures in the country such as shopping malls, restaurants, hotels, and bars is likely to boost the demand for downlights.

 

Downlights: Market Segmentation

Downlights are defined as the type of lights which are installed in the surrounding ceilings of various rooms in a house such as small room, bedroom, master-bedroom, living room, and study room, among others. Downlights are usually powered by an LED and are versatile and excellent for multitude of uses throughout the living area.

 

North America Downlight Market By Segment

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Based on application, the market can be segmented into:

  • Residential
  • Commercial
  • Industrial

Among these, the commercial segment can be further divided based on type into retail, hospitality, and offices, among others.

The regional markets for the product include the United States and Canada.

 

North America Downlight Market By Region

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Rising Demand for Downlights from Various End Use Industries to Boost the Growth of the North America Downlight Industry

Downlights can withstand external shocks and vibrations, can bolster the comfort of the occupants, boost the aesthetic appeal of the interior of the structure, and are great for outdoor lighting systems. These advantages of downlights are likely to drive the market in the forecast period. Meanwhile, the thriving residential construction sector, owing to the increasing population, rising disposable income, and rapid urbanisation, is anticipated to provide impetus to the market in North America. Moreover, downlights consume around 85% less energy compared to traditional halogen or traditional bulbs and help save up to 30% energy compared to CFL lights. Hence, the increasing awareness pertaining to the energy conservation characteristic of the product is likely to aid the market in the forecast period. Furthermore, the increased inclination towards home décor because of the emerging work-from-home culture due to the COVID-19 pandemic is expected to augment the demand for downlights in residential structures in the forecast period.

 

Key Industry Players in the North America Downlight Market

The report gives a detailed analysis of the following key players in the North America downlight market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Signify Holding
  • Cree Lighting
  • Acuity Brands Lighting, Inc.
  • OSRAM GmbH
  • Liteline Corporation
  • GE Current
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • United States
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Signify Holding
  • Cree Lighting
  • Acuity Brands Lighting, Inc.
  • OSRAM GmbH
  • Liteline Corporation
  • GE Current
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    North America
7    Opportunities and Challenges in the Market
8    Global Downlight Market Overview

    8.1    Key Industry Highlights
    8.2    Global Downlight Historical Market (2018-2023) 
    8.3    Global Downlight Market Forecast (2024-2032)
    8.4    Global Downlight Market by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    North America Downlight Market Analysis
    9.1    Key Industry Highlights
    9.2    North America Downlight Historical Market (2018-2023) 
    9.3    North America Downlight Market Forecast (2024-2032)
    9.4    North America Downlight Market by Application
        9.4.1    Residential
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Commercial
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
            9.4.2.3    Breakup by Type
                9.4.2.3.1    Retail 
                9.4.2.3.2    Hospitality
                9.4.2.3.3    Offices
                9.4.2.3.4    Others
        9.4.3    Industrial
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
    9.5    North America Downlight Market by Country
        9.5.1    United States
        9.5.2    Canada
10    Regional Analysis
    10.1    United States
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
        10.1.3    Breakup by Application
            10.1.3.1    Residential 
            10.1.3.2    Commercial
            10.1.3.3    Industrial
    10.2    Canada
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
        10.2.3    Breakup by Application
            10.2.3.1    Residential 
            10.2.3.2    Commercial
            10.2.3.3    Industrial
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Signify Holding
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Cree Lighting
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Acuity Brands Lighting, Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    OSRAM GmbH
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Liteline Corporation
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    GE Current
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Downlight Market: Key Industry Highlights, 2018 and 2032
2.    North America Downlight Market: Key Industry Highlights, 2018 and 2032
3.    North America Downlight Historical Market: Breakup by Application (USD Billion), 2018-2023
4.    North America Downlight Market Forecast: Breakup by Application (USD Billion), 2024-2032
5.    North America Downlight Historical Market: Breakup by Country (USD Billion), 2018-2023
6.    North America Downlight Market Forecast: Breakup by Country (USD Billion), 2024-2032
7.    North America Downlight Market Structure

Key Questions Answered in the Report

In 2023, the North America downlight market attained a value of nearly USD 5.59 billion.

The market is estimated to grow at a CAGR of 9.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 12.21 billion by 2032.

The major drivers of the market include the flourishing building and construction industry, growing inclination of residents towards home décor, rapid expansion of the industrial sector, and the growing adoption of downlights in various end use industries.

The growing R&D activities by the major players and the growing demand for LED based lighting solutions are expected to be the key trends guiding the growth of the industry.

The major regions in the industry are the United States and Canada.

Residential, commercial, and industrial are the different applications of the product.

The major players in the industry are Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, and GE Current, among others.

Analyst Review

The North America downlight market attained a value of USD 5.59 billion by 2023, driven by the thriving building and construction industry and rapid urbanisation. Aided by the rising investments towards urban housing designs and the rising demand for energy-efficient lighting solutions, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.10%. The market is estimated to reach a value of USD 12.21 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into residential, commercial, and industrial. Among these, the commercial segment can be further divided based on type into retail, hospitality, and offices, among others. The major regional markets for downlight in North America are the United States and Canada. The key players in the above market include Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, and GE Current, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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